Personal Checking Accounts Truth in Savings Disclosure

Personal Checking Accounts Truth in Savings Disclosure All First Merchants Checking accounts listed below come with the following account features: FREE Enhanced MasterCard Debit Card 1 MoneyPass Surcharge Free ATM Network FREE Gold Standard Rewards including First-time Login Bonus 1 FREE Overdraft Protection Transfers from any linked account 2 FREE Online Banking and Bill Pay, must be 18 years or older for Bill Pay 0.25% Loan Discount, with automatic payment from First Merchants Checking account 3 First Merchants Elite Checking Minimum Opening Deposit $100 Monthly Maintenance Fee $20 if the requirement is not met No Monthly Maintenance Fee if you complete the following requirement Statement Fee Additional First Merchants Elite Checking Features $15,000 in minimum combined personal deposit balances $0 per month for paper statement $0 per month for estatement Earns interest, variable rates based on tiered balance 4 No fee Money Market Savings 5 with interest rate bonus of 0.10% APY CD and IRA CD interest rate bonus of 0.05% APY FREE Specialty Checks FREE Official Checks and Money Orders No Annual Fee on a new Home Equity Line of Credit 6 25% discount on Safe Deposit Box Rental, when available First Merchants Advantage Checking Minimum Opening Deposit $100 Monthly Maintenance Fee $15 if none of the requirements are met No Monthly Maintenance Fee if you complete one of the following requirements Statement Fee Additional First Merchants Advantage Checking Features $500 monthly direct deposit 7 15 monthly debit card transactions 8 $1,500 in minimum combined personal deposit balances For Seniors 62 years of age and over $3 per month for paper statement $0 per month for estatement Earns interest, variable rates based on tiered balance 4 No fee Money Market Savings 5 50% Discount on Personal Checks, Seniors receive Free Specialty Checks FREE Official Checks and Money Orders $0 per month paper statement fee for Seniors FMB Personal Checking TISA pg. 1 of 2 - Revised 12/2017

First Merchants Carefree Checking Minimum Opening Deposit $100 Monthly Maintenance Fee $5 if none of the requirements are met No Monthly Maintenance Fee if you complete one of the following requirements Statement Fee First Direct Checking Minimum Opening Deposit $0 One customer initiated transaction per month 9 $100 in minimum combined personal deposit balances For Students under 25 years of age 10 $3 per month for paper statement $0 per month for estatement $0 per month paper statement fee for Students Monthly Maintenance Fee $10 if the requirement is not met No Monthly Maintenance Fee if you complete the following requirement Statement Fee Eligibility Requirements $200 monthly direct deposit 7 $3 per month for paper statement $0 per month for estatement For those whose employer has a First Direct agreement with First Merchants Bank or for those customers who are a member of the U.S. Military, Police Officer, Firefighter, or Paramedic. Additional First Direct Checking Features Earns interest, variable rates based on tiered balance 4 Two NSF/OD fee items waived per year 11 CD and IRA CD interest rate bonus of 0.05% APY FREE first order of Specialty Checks FREE Official Checks and Money Orders No Annual Fee on a new Home Equity Line of Credit 6 0.35% Loan Discount, with automatic payment from First Merchants checking account 3 $250 discount on Residential Mortgage closing costs 25% discount on Safe Deposit Box rental, when available These accounts consist of a checking sub account and a savings sub account. The bank may periodically transfer funds between these two accounts. On a sixth transfer during a calendar month, and funds in the savings sub account will be transferred back to the checking sub account. If your account is a plan on which interest is paid, your calculation will remain the same. Otherwise, the savings sub account will be non-interest bearing. The savings sub account will be governed by the rules governing our other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement. 1 Certain restrictions may apply. 2 We ll automatically transfer funds to cover your negative balance, in $50 increments on linked deposit accounts. Automatic transfers do count toward transaction limits on savings accounts. Service charges may apply. 3 Subject to credit approval. Excludes first mortgage real estate loans and lines of credit. Offer valid for consumer purpose installment loans only. 4 The variable interest rate and annual percentage yield for your account depends upon the applicable balance. The interest rate and annual percentage yield for these tiers may change at any time. The interest rate changes are made at the bank s discretion. Interest will accrue daily and credit monthly. If you close your account before interest is credited, you will receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). 5 Combined minimum deposit balance of at least $1.00 between First Merchants Elite or First Merchants Advantage checking and Money Market savings to waive the Money Market savings minimum balance requirement. 6 Subject to credit approval. 7 Multiple deposits of less than required amount will not qualify to waive the monthly maintenance fee. 8 Debit Card transaction includes point of sale transaction, signature based transaction, or ATM withdrawal. 9 Excludes bank service fees and charges. Transaction must post during monthly statement cycle. 10 At age 25, must meet account requirements to avoid monthly maintenance fee. 11 Two NSF/OD fee items will be waived per rolling 12 month calendar. An NSF/OD item is defined as 1 or more items presented to an account with non-sufficient funds on a business day. Note: In this disclosure, Annual Percentage Yield is abbreviated as APY. FMB Personal Checking TISA pg. 2 of 2 - Revised 12/2017

Personal Savings Truth in Savings Disclosure Regular Savings FREE ATM Card MoneyPass Surcharge Free ATM Network Earns interest, variable rates based on tiered balance 1 FREE Online Banking Minimum Opening Deposit $100 Monthly Service Fee $5 if none of the requirements are met No Monthly Service Fee if you complete one of the following requirements Transaction Limits 2 6 Quarterly Statement Options Money Market Savings $300 minimum balance enroll in estatements For those under 19 years of age estatement combined statement paper statement FREE Money Market Savings checks FREE MasterCard Debit Card MoneyPass Surcharge Free ATM Network Earns interest, variable rates based on tiered balance 1 Interest rate bonus available with First Merchants Elite checking account FREE Online Banking and Bill pay, must be 18 years or older for Bill Pay free withdrawals per month, $10 per additional withdrawal (including withdrawals made by ACH, Telephone, Internet, Online Banking, or Wire) Minimum Opening Deposit $1,000 Monthly Service Fee $8 if none of the requirements are met No Monthly Service Fee if you complete one of the following requirements Transaction Limits 2 6 Monthly Statement Options $10,000 minimum balance Maintain a First Merchants Elite or First Merchants Advantage Checking account 4 free withdrawals per month, $10 per additional withdrawal (including withdrawals made by ACH, Telephone, Internet, Online Banking, Wire, or check) estatement combined statement paper statement FMB Personal Savings TISA pg. 1 of 2 - Revised 01/2018

Smart Saver CD Automatic Deposits Interest rate bonus available with First Merchants Elite and First Direct checking accounts FREE Online Banking Minimum Opening Deposit $25 Account Requirements 5 $25 deposit monthly through pre-authorized transfer $25 minimum balance must also be maintained Interest Information Rate is fixed throughout the one-year term At maturity, funds may be withdrawn or renewed for an additional year at the rate in effect at that time. Interest is accrued daily and credited quarterly Early withdrawal penalty may apply Traditional CD A variety of terms Attractive interest rates Interest rate bonus available with First Merchants Elite and First Direct checking accounts FREE Online Banking Minimum Opening Deposit $1,000 for terms 12 months or more $2,500 for terms less than 12 months Interest Information Rate is fixed throughout the term Interest is accrued daily and credited quarterly Early withdrawal penalty may apply 1 The variable interest rate and annual percentage yield for your account depends upon the applicable balance. The interest rate and annual percentage yield for these tiers may change at any time. The interest rate changes are made at the bank s discretion. Interest will accrue daily and credit monthly. If you close your account before interest is credited, you will receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). 2 You may make no more than six (6) preauthorized withdrawals per calendar month or statement cycle (or similar period) of at least four weeks from your account. If you continue to exceed any withdrawal/transfer limits on your account after we have notified you of such withdrawal/transfer violations, we will close your account and transfer funds to another deposit account type selected by the Bank for which you are eligible or eliminate your account transfer and check privileges. 4 Combined minimum balance of at least $1.00 between First Merchants Elite or First Merchants Advantage Checking and Money Market savings to waive the Money Market Savings minimum balance requirement. 5 Failure to meet these requirements may result in account closure. Other service fees may apply. Note: In this disclosure, Annual Percentage Yield is abbreviated as APY. FMB Personal Savings TISA pg. 2 of 2 - Revised 01/2018

Health Savings Truth in Savings Disclosure Health Savings 2 FREE MasterCard Debit Card FREE Online Banking and Bill Pay, must be 18 years or older for Bill Pay Reduce Taxable Income 1 Earns interest, variable rates based on tiered balance 2 Minimum Opening Deposit $0 Monthly Service Fee $5 If the requirement is not met HSA Transfer Fee $25 To transfer account to another custodian No Monthly Service Fee if you complete the enroll in estatements following requirement estatement Monthly Statement Options paper statement combined statement 1 Not to be construed as tax advice. Please consult your attorney or tax advisor. Other restrictions may apply. 2 The variable interest rate and annual percentage yield for your account depends upon the applicable balance. The interest rate and annual percentage yield for these tiers may change at any time. The interest rate changes are made at the bank s discretion. Interest will accrue daily and credit monthly. If you close your account before interest is credited, you will receive the accrued interest. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Note: Annual Percentage Yield is abbreviated as APY. FMB HSA TISA pg. 1 of 1 - Revised 01/2018

Personal Banking Fees Effective February 1, 2018 Debit/ATM Fees $ 10.00 ATM or Debit Card Replacement $ 2.00 Foreign ATM 1 $ 25.00 Express Delivery Fee Varies International Fees 11 Wire Transfers $ 15.00 Incoming Wire $ 25.00 Outgoing Wire 5 $ 20.00 International Incoming Wire Fee 5 $ 45.00 International Outgoing Wire Fee 5 Stop Payment/Returned Items $ 10.00 Chargeback $ 4.00 Redeposit $ 37.00 Stop/Hold Fee $ 37.00 Insufficient Funds 2 $ 37.00 Overdraft 2 $ 8.00 1st Continuous Overdraft Charge 3 $ 8.00 Recurring Overdraft Charge 4 Statement Assistance $ 3.00 Account Activity Printout (teller) $ 10.00 Duplicate/Special/Instant Statements $ 30.00 Reconciling Statement (per hour, one hour min.) $ 30.00 Research Fee (per hour, one hour min.) $ 2.00 Research Copies (per page) $ 3.00 Closed Account Copies (per page) $ 3.00 Non-Customer Request (per page) $ 2.00 Photocopy $ 2.00 Check Copy Varies Paper Statement Fee Other $ 8.00 Official Checks 6 $ 15.00 Official Checks (non-customer) $ 4.00 Money Order 6 $ 6.00 Money Order (non-customer) $ 10.00 ODP Immediate Transfer Charge 7 $ 6.00 Telephone Transfer 8 $ 50.00 Early Closing Fee (within 180 days of opening) $ 30.00 Account Closing by Mail $ 5.00 Dormant Account Fee 9 $ 25.00 Escheatment Processing Fee $100.00 Tax Levy $ 20.00 Garnishments $ 1.00 Fax Fees (per page) $ 25.00 Payment of Collection Items $ 19.95 Overnight Check Payment (via Online Bill Pay) $ 10.00 Excess Tran 10 $ 1.00 PeoplePay - PayPal Fee $ 25.00 HSA Transfer Fee 1 Inquiry, Transfer, or Withdrawal transactions; 2 Fees may be created by check, in-person, ATM withdrawal, or other electronic transactions; 3 Charge will be assessed on the 4 th business day the account is overdrawn. 4 Additional charge assessed beginning on 5 th business day and continuing until a positive balance is achieved or the account is closed; 5 Additional fees may be charged by the domestic or international correspondent bank; 6 Free for certain account types; 7 First Merchants Elite, Advantage, Carefree, and First Direct receive free transfers from any linked deposit account. 8 Fee applies whether placed via Call Center or banking center staff; 9 A dormant account fee will be charged each month if, for 1 year previous for checking or 3 years previous for savings, there is no customer initiated activity or other indication in writing from you of an interest in the account; 10 Fee will be charged to Regular Savings or Money Market Savings customers per withdrawal in excess of 6 per calendar month or statement cycle (or similar period) of at least 4 weeks; 11 Charges determined by MasterCard, Maestro and Cirrus FMB Personal Banking Fees - Revised 01/2018

Attention personal checking customers: If your accounts are not protected with Overdraft Protection Transfers or a Ready Reserve Line of Credit, then when you use your debit card without sufficient funds in your account, that transaction will be declined. You may avoid this situation ONLY if you authorize us to pay these types of transactions. Your authorization is called Opting In. Opting In must be authorized by you and may be withdrawn by you at any time. What You Need to Know about Overdrafts and Overdraft Fees An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in different ways: 1. We have our standard overdraft practice that we apply to your account. (See below) 2. We also offer Overdraft Protection Options, which include: Overdraft Protection Transfers, which link your account to a secondary checking, savings, money market or home equity line of credit; and Ready Reserve Line of Credit, an unsecured line of credit. To learn more, ask us about Overdraft Protection Options. This Notice Explains First Merchants Overdraft Practice What is the standard overdraft practice that comes with my account? We may authorize and pay overdrafts for the following types of transactions: Checks and other transactions made using your checking account number Automatic bill payments We do not authorize and pay overdrafts for the following types of transactions unless you request to Opt In (see below): ATM transactions Everyday debit card transactions First Merchants overdraft practice: We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. What fees will I be charged if First Merchants Bank pays my overdraft? Under our overdraft practice: We will charge you a fee of up to $37 each time we pay an overdraft or return an item, with a limit of six charges per day. Also, beginning on the fourth business day your account is overdrawn, an $8 fee may be charged each business day your account remains overdrawn. This charge is in addition to any Overdraft Item Fees or Returned Item Fees assessed. These fees will affect your account balance. The $37 overdraft fee is not charged if the total overdraft is $5 or less. Check your available balance regularly to avoid overdraft situations and/or to determine if you are in an overdraft status. How does First Merchants Bank post items to my account? (1) Deposits are credited to your account prior to posting any withdrawal. (2) The next items that we post are ATM withdrawals, debit card transactions*, and any checks cashed by our employees or that you have written to us, in the order in which they are received. (3) We then post any items that were submitted electronically, such as ACH items, preauthorized automatic transfers, telephone-initiated transfers and other electronic transfers, in the order in which they are received. (4) Finally, we pay the remaining items based on check number order. * The amount of a debit card transaction is removed from your available balance in order to cover the transaction. This available balance is used to determine if you are in an overdraft status. There can be a delay of one or more business days before the transaction is actually presented to us for settlement. Therefore, there may be a short delay when the transaction actually appears on your statement. What if I want First Merchants Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions? If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, you must contact us in order to Opt In. This choice may be changed at any time by you. If you still have questions please contact us at 1.800.205.3464. Call 1.800.205.3464 7-8 M-F, 9-3 S Click Send a secure message within our Online Banking system Visit any banking center to authorize this service First Merchants refers to all bank divisions within our company: First Merchants Bank and Lafayette Bank & Trust. PCHK-SHEET-OVERDRAFT-0516

Availability of Funds Disclosure YOUR ABILITY TO WITHDRAW FUNDS AT FIRST MERCHANTS BANK 200 EAST JACKSON STREET PO BOX 792 MUNCIE, IN 47308-0792 PHONE: (765) 747-1500 This policy statement applies to Transaction accounts. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third persons and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be under this policy. Our policy is to make funds from your cash or check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written. Please remember that even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit prior to 6:00 p.m. (some cutoff times may be later at some locations) on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 6:00 p.m. or on a day we are not open, we will consider that the deposit was made on the next business day we are open. For additional information contact your branch representative. If you make a deposit at an ATM before 4:00pm EST (some cutoff times may be later at some locations) on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at an ATM after 4:00pm EST or on a day we are not open, we will consider that the deposit was made on the next business day we are open. For additional information contact your branch representative. If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in one of your accounts. Those funds will be available at the time funds from the check we cashed would have been available it you had deposited it. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited. LONGER DELAYS MAY APPLY Case-By-Case Delays - In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. The first $200 of your deposits, however, may be available on the first business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the first business day after we receive your deposit, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the first business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Safeguard Exception Delays - In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: We believe a check you deposit will not be paid. You deposit checks totaling more than $5,000 on any one day. You redeposit a check that has been returned unpaid. You have overdrawn your account repeatedly in the last six months. There is an emergency, such as failure of computer or communications equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than second business day after the day of your deposit. SPECIAL RULES FOR NEW ACCOUNTS If you are a new customer, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits into your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day s total deposits of cashier s. certified, teller s, traveler s, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit. FMB Availability of Funds Revised 07/01/2011

FACTS WHAT DOES FIRST MERCHANTS BANK DO WITH YOUR PERSONAL INFORMATION? Rev April 2016 Why? What? How? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security number and income Account balances and transaction history Credit history and credit scores When you are no longer our customer, we continue to share your information as described in this notice. All financial companies need to share customers personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers personal information; the reasons First Merchants Bank chooses to share; and whether you can limit this sharing. Reasons we can share your personal information For our everyday business purposes such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus For our marketing purposes to offer our products and services to you Does First Merchants Bank share? Yes Yes Can you limit this sharing? No No For joint marketing with other financial companies Yes No For our affiliates everyday business purposes information about your transactions and experiences For our affiliates everyday business purposes information about your creditworthiness No No We don t share We don t share For our affiliates to market to you No We don t share For nonaffiliates to market to you No We don t share Questions? Please visit our website www.firstmerchants.com or call 800-205-3464.

Page 2 Who we are Who is providing this notice? First Merchants Bank What we do How does First Merchants Bank protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. How does First Merchants Bank collect my personal information? We collect your personal information, for example, when you open an account or deposit money pay your bills or apply for a loan use your credit or debit card We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Why can t I limit all sharing? Definitions Affiliates Nonaffiliates Joint marketing Federal law gives you the right to limit only sharing for affiliates everyday business purposes information about your creditworthiness affiliates from using your information to market to you sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. Companies related by common ownership or control. They can be financial and nonfinancial companies. First Merchants Bank does not share with our affiliates. Companies not related by common ownership or control. They can be financial and nonfinancial companies. First Merchants Bank does not share with nonaffiliates so they can market to you. A formal agreement between nonaffiliated financial companies that together market financial products or services to you. Our joint marketing partners include investment services and credit card companies.

Contact Us First Merchants Bank and Lafayette Bank & Trust Customer Service: 1.800.205.3464 or 765.747.1382 (Mon.-Fri. 7:00 a.m.-8:00 p.m., Sat. 9:00 a.m.-3:00 p.m. Eastern Time) Lost or Stolen Debit Card: 1.800.205.3464 customerservice@firstmerchants.com Business Solutions Center: 1.866.833.0050 (Mon.-Fri. 8:00 a.m. to 6:30 p.m. Eastern Time) Telephone Banking: 1.800.473.5055 (24 hours) First Merchants Private Wealth Advisors Customer Service: 1.866.238.0082 or 765.747.1300 (Mon.-Fri. 8:00 a.m.-5:00 p.m. Eastern Time) First Merchants Corporation Stockholder Inquiries: Cynthia G. Holaday Shareholder Relations Officer First Merchants Corporation Phone: 765.741.7278 or 1.800.262.4261 ext.27278 E-mail: shareholderrelations@firstmerchants.com First Merchants Corporation Main Office 200 E. Jackson Street Muncie, IN 47305 765.747.1500 www.firstmerchants.com FMB Contact Us - Revised 06/2017 www.firstmerchants.com